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need tutor who can answer On June 1, 2020, XYZ Company issued its 12% callable bonds in the face amount of P5,000,000 which matures on

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On June 1, 2020, XYZ Company issued its 12% callable bonds in the face amount of P5,000,000 which matures on May 31, 2030. The market rate of the bonds is 9%. The interest payment date is on May 31 and November 30. XYZ Company uses the effective interest of amortizing discount and premium. On April 30 2022, XYZ calls the entire issue at 99 and cancels it. Use the table below to compute the present values: The present value of 1 for 20 periods Required: 12% 0.3220 0.1037 5.650 7.469 9% 0.4224 0.1784 6.4177 9.1286 6% .5584 0.3118 7.361 11.4699 1. Compute for the issue price of the bonds. Round-off your answer to Mole number. I 4.5% 0.6439 The present value of 1 for 10 periods 0.4146 7.9127 The present value of an ordinary annuity for 10 periods 13 .0079 The present value of an ordinary annuity for 20 periods 5. Prepare the journal entries to record the payment of interest on April 30, 2022. Accounts Debited Accounts Credited Dr. Cr. Interest Expense Interest Payable Premium on Bonds Payable Cash Discount on Bonds Payable 6. Prepare the journal entries to record the retirement of bonds on April 30, 2022. Accounts Debited Accounts Credited Dr. Cr. Bonds Payable Premium 0n Bonds Payable Loss on retirement of Bonds Cash Gain on retirement of Bonds Discount on Bonds Payable 2. Complete the amortization table below: Round-off your answer to whole numbers. Date Int Interest Premiium or Discount UnAmortized Carrying payment Expense Amortization Premium/Discount Value June 1, 2020 November 30, 2021 May 31, 2021 3. Compute for the amount of interest expense recorded on the December 31, 2020 journal entry. 4. Compute for the carrying amount of the Bonds Payable on December 31, 2020

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